Business
Cellebrite Announces First Quarter 2022 Results
ARR of $201 million, up 33% year-over-year First Quarter revenue of $62.4 million, up 17% year-over-year Reiterates 2022 outlook for 34-42% ARR growth and
About this update from Cellebrite Di Ltd.
[{"type":"text","content":"ARR of $201 million, up 33% year-over-year First Quarter revenue of $62.4 million, up 17% year-over-year Reiterates 2022 outlook for 34-42% ARR growth and 16-22% revenue growth PETAH TIKVA, Israel and TYSONS CORNER Va., May 12, 2022 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, today announced financial results for the three months ended March 31, 2022. “We are excited to report a strong start to the year, delivering robust ARR and revenue growth, and we continue to expect to meet our full year targets,” said Yossi Carmil, Cellebrite’s CEO. “The business environment remains favorable, with the ever-growing challenges of investigations driving a willingness to invest in Digital Intelligence solutions. Against this backdrop, we are committed to delivering our customers the most comprehensive, end-to-end suite of solutions that modernizes their digital investigation workflow. The market potential for such a suite of solutions is vast, and we believe that we have only scratched the surface of Cellebrite’s growth opportunities. We remain focused on continuously executing on our plan and expanding the crucial role we play in safeguarding the public’s safety around the world.” First Quarter Financial Highlights Revenue of $62.4 million, up 17% year-over-year, of which subscription revenue was $48.2 million, up 19% year-over-yearAnnual Recurring Revenue (ARR) of $201 million, up 33% year-over-yearRecurring revenue dollar-based net retention rate of 128%GAAP gross profit and gross margin of $51.4 million and 82.4%, respectivelyGAAP net income of $55.4 million; Non-GAAP net income of $1.4 millionGAAP Diluted EPS of $0.27; Non-GAAP Diluted EPS of $0.01Adjusted EBITDA and Adjusted EBITDA margin of $4.1 million and 7%, respectively First Quarter and Recent Digital Intelligence Highlights Closed 18 deals above $500,000.Introduced SaaS-based version of Cellebrite Premium, an industry leading advanced access solution, providing unlock and extraction capabilities for most iOS and Android devices. As a cloud-based flexible license, this new release is expected to enable law enforcement agencies of all sizes to benefit from Cellebrite’s cutting-edge technology.Recognized as a leader in the inaugural IDC MarketScape: Worldwide Digital Forensics in Public S...